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12 October 20232 minute read

DLA Piper advises GuidePoint Security in closing new round of growth capital

DLA Piper advised GuidePoint Security, a cybersecurity solutions and services provider helping organizations minimize risk, in the closing of a fundraising round that will enable the company to grow across the US and expand globally. Audax Private Equity, a leading alternative investment manager and capital partner to middle market companies, led the fundraising round.

Founded in 2011, GuidePoint Security advises more than 3,800 organizations across the US, including one-third of the Fortune 50 and 40 percent of the Fortune 500, along with more than half of the US government cabinet-level agencies. The company’s service offerings include local engagement and delivery teams, national scale and purchasing power for industry-leading cybersecurity solutions, cybersecurity across all disciplines and engagements that are tailored to each organization with whom they work.

“Eric and the entire DLA Piper team have been invaluable partners to GuidePoint for many years. Their deep private equity experience and institutional knowledge were key to closing this transformational deal,” said Michael Volk, Chairman and CEO of GuidePoint Security.

“We were pleased to support our longtime client GuidePoint in securing funding that will help meet the rapidly increasing demand for their services domestically and internationally,” said Eric Grossman, vice chair of the firm’s private equity group and the DLA Piper partner who led the deal team.

In addition to Grossman (Northern Virginia), the team was comprised of partners Matt Servies (Atlanta) and Thomas Hendershot (Northern Virginia); of counsel Melissa Sampson (Washington, DC); and associate Daniel Rosenberg (Washington, DC).

With more than 225 global lawyers who provide strategic counsel to private equity funds and industry-leading companies, DLA Piper’s Private Equity practice has the capacity, experience and relationships to help drive value across the investment life cycle by delivering responsive, efficient and integrated solutions around the world.